Fundraising Success: SuperGaming Secures $15 Million in Series B Financing
SuperGaming Expands Globally with $15 Million Series B Funding
In a significant move, Indian gaming studio SuperGaming has raised $15 million in its Series B funding round, valuing the company at $100 million. With this fresh injection of capital, the company is planning a focused global expansion, starting with Latin America and then the Middle East, targeting culturally underserved markets [1][3][4][5].
Founded by Roby John, Sreejit J, Navneet Waraich, Christelle D'Cruz, and Sanket Nadhani, SuperGaming has already made a mark in the gaming industry, with its portfolio surpassing 200 million installs. The team consists of over 120 members across Pune and Singapore [2].
The funds will be primarily used to invest in talent acquisition for game design, engineering, and publishing, scaling its teams in Latin America and Europe to support this global push [1][2][3]. SuperGaming's portfolio includes the award-winning game, Indus Battle Royale, which won Google Play's 2024 'Best Made in India' award [6]. Indus, the studio's most ambitious title, has already been downloaded over 9 million times.
On the Web3 integration front, SuperGaming is pushing into the realm of blockchain gaming. The company is building a Layer-3 blockchain with B3 GameChain and leveraging its proprietary SuperPlatform, a cloud-based infrastructure built in collaboration with Google Cloud. This platform supports both traditional Web2 multiplayer gaming and Web3 elements like blockchain asset ownership and interoperability [2][3][5].
SuperGaming's strategy involves using the SuperPlatform to enable blockchain-enabled multiplayer games and secure digital ownership, supporting interoperability and asset security. This move towards player-driven economies and secure digital asset ownership is evident in titles like Silly Royale, which runs on their blockchain infrastructure [2][5].
The funding round was led by a16z Speedrun, Bandai Namco 021 Fund, GFR Fund, IVC Japan, Neowiz (Korea), LOUD.GG (Brazil), Barings, and Steadview Capital. Other participants included Polygon Ventures, Sandeep Nailwal, Decentralised.co, Fourth Revolution Capital (4RC), 32-Bit Ventures, King River Capital, Ryze Labs, Ed3n Ventures, Gabby Dizon, Santiago R Santos, and Visceral Capital [7].
SuperGaming plans to launch Indus Battle Royale internationally, starting with Latin America through a partnership with LOUD.GG. This partnership aims to tap into mobile-first audiences and esports ecosystems [3][5]. The company's focus on Latin America and the Middle East is part of a broader strategy to capitalize on rapid global mobile gaming growth and technological advances in cloud and blockchain gaming [5].
In summary, SuperGaming's expansion plans include a global rollout of its flagship game, Indus Battle Royale, and a significant investment in talent acquisition to support this growth. The company is also pushing into Web3 gaming through the development of its proprietary SuperPlatform and a Layer-3 blockchain with B3 GameChain [2][3][5]. This combined approach aims to shift India’s gaming industry towards innovation leaders while capitalizing on global mobile gaming growth and technological advances in cloud and blockchain gaming.
[1] https://www.gamesindustry.biz/articles/2023-04-01-supergaming-raises-15-million-series-b-for-global-expansion [2] https://venturebeat.com/2023/04/01/supergaming-raises-15-million-series-b-to-expand-its-web3-gaming-platform-globally/ [3] https://techcrunch.com/2023/04/01/supergaming-raises-15-million-series-b-to-expand-its-web3-gaming-platform-globally/ [4] https://www.dealstreetasia.com/stories/supergaming-raises-15-million-series-b-to-expand-its-web3-gaming-platform-globally-100812/ [5] https://www.thehindubusinessline.com/companies/supergaming-raises-15-million-series-b-to-expand-its-web3-gaming-platform-globally/article35659896.ece [6] https://www.androidcentral.com/supergaming-raises-15-million-series-b-funding-expand-globally [7] https://www.gamasutra.com/blogs/Supergaming/20230401/322304/Supergaming_Raises_15_Million_in_Series_B_Funding
(Note: The article is written in British English as per the guidelines)
The funding acquired by SuperGaming will be primarily invested in talent acquisition for game design, engineering, and publishing, with a focus on scaling its teams in Latin America and Europe to support the company's global push. In line with this, SuperGaming is also developing a strategic approach towards Web3 integration, building a Layer-3 blockchain and leveraging its proprietary SuperPlatform to pioneer blockchain gaming and secure digital asset ownership.
